Infinium Global Research has added a new report on Global Medical Document Management Systems Market. The report predicts the market size of Medical Document Management Systems is expected to reach XX billion by 2022.
The report on Medical Document Management Systems Market covers detailed analysis of market size and trends of digital document management systems (DMS). DMS are computer based systems that store patient information digitally, thereby eliminating paper based manual processes in health care organizations. These systems provide information about patient and help to maintain the record of their medical history. These systems assist medical staff in making effective decisions about the treatment and hospitalization process for the patients. Furthermore, Medical DMS help healthcare organizations to automate patient’s information such as admission card, insurance card, insurance claims, invoices, and laboratory results.
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In 2014, the Global medical document management systems market was valued at USD 220 million. In 2015, the market size of global medical document management systems surpassed USD 250 million. The value of global medical document management systems is projected to grow at a CAGR between 13% – 15 % over the forecast period of 2016 – 2022 and reach USD XX million by 2022. Need for digitization and automation in healthcare sector, rising number of medical facilities and increasing number of patient being treated due to which lots of data is being generated are considered to be the prime factors driving the growth of this market. Furthermore, increasing requirement for cost effective healthcare systems and implementation of regulatory compliances such as HIPPA in healthcare systems are further supporting the growth of medical DMS market. One of the key restraints of medical document management systems market is high implementation cost of these systems and reluctance of healthcare staff to adopt new methods of document management system. Furthermore, Technological advancement coupled with need for digitization is anticipated to bring several opportunities to this market for major player and new entrant over the forecast period.
Companies Profiled:
McKesson Corporation,
3M Company,
Siemens Medical Solutions USA, Inc.,
GE Healthcare,
Allscripts Healthcare Solutions, Inc.,
Toshiba Medical Systems Corporation,
Cerner Corporation,
Kofax Ltd,
EPIC systems (U.S.), and
Hyland Software.